GRAND RAPIDS PUBLIC SCHOOLS FOUNDATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$3,569,793
Investments
40%
Cash & Equivalents
32%
Receivables (Non-Related)
26%
Other Assets
<1%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$318,383
Payables & Accruals
93%
Other Liabilities
7%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$946,302
$1,159,816
+23%
Receivables (Non-Related)
$1,584,010
$939,000
-41%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,304
$8,699
+64%
Investments
$1,436,890
$1,430,297
0%
Property, Plant, & Equipment (net)
$5,602
$3,918
-30%
Other Assets
$24,190
$28,063
+16%
Total Assets
$4,002,298
$3,569,793
-11%
Liabilities
2024
2025
Change
Payables & Accruals
$42,414
$297,182
+601%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$16,971
$21,201
+25%
Total Liabilities
$59,385
$318,383
+436%
Net assets
2024
2025
Change
Restricted Net Assets
$2,926,384
$2,515,203
-14%
Unrestricted Net Assets
$1,016,529
$736,207
-28%
Net assets
2024
2025
Change
Net assets
+$3,942,913
+$3,251,410
-18%
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